1.Target cost=target selling price–target profit=market price–desired profit margin.
2.cost gap=estimated cost–target cost.
3.TQM:
①preventing costs
②appraisal costs
③internal failure costs
④external failure cost
4.Alternative costing principle:
①ABC(activity based costing)
②Target costing
③Life cycle
④TQM
5.Time series:
①trend
②seasonal variation:⑴加法模型sum to zero;⑵乘法模型sum to 4
③cyclical variation
④random variation
6.pricipal budget factor关键预算因子:be limited the activities
7.budget purpose:
①communication
②coordination
③compel the plan
④motivative employees
⑤resource allocation
8.Budget committee的功能:①coordinated②administration
9.Budget:①function budget②master budget:1.P&L;2.B/S;3.Cash Flow